❗Red Flag for Airlines

All of the major airlines we travel is logging a noted decrease in web traffic on a YoY basis. This is troublesome for forward-looking bookings.

To give scale airline web traffic was trending more than +20% higher on a YoY basis earlier this Spring. This preceded a strong travel season.

Now the metrics have shifted completely.

What does this mean for DAL earnings?

Delta Air Lines (DAL) reports its final earnings of FY24 before the bell on Friday.

*Calling this out today because the market is closed tomorrow, Jan. 9.

We've been bullish on Delta as a whole for a long time and the company's performance and strategies continue to impress us, but with a stock price just off its all-time highs and a cooling market, we're neutral heading into this event.

LikeFolio Founder Andy Swan sat down with Schwab Network's Tom White and Kevin Hincks to dive into the data:

Delta Air Lines (DAL) Ahead of Earnings